Share this post

Link to post

Share on other sites

Pattaya agents charge, 1year is 1 month equivalent. 6 month's 2weeks equivalent. Shorter 10% month. You need an agent that offers full service, not just finders fee. If they co broker the commission is split between them, no extra cost to you. Be sure to sign an agreement stating the agents responsibility.

Share this post

Link to post

Share on other sites

Another question : let's say first year, tenant signs a contract of one year, so agent fee should be one month rent. If tenant renews the contract for another year, is the agent fee still one month rent ?

Share this post

Link to post

Share on other sites

Another question : let's say first year, tenant signs a contract of one year, so agent fee should be one month rent. If tenant renews the contract for another year, is the agent fee still one month rent ?

Of course if they are providing full rental service you will be required to pay commission again.

Share this post

Link to post

Share on other sites

Another question : let's say first year, tenant signs a contract of one year, so agent fee should be one month rent. If tenant renews the contract for another year, is the agent fee still one month rent ?

31 minutes ago, baansgr said:

Of course if they are providing full rental service you will be required to pay commission again.

Don't get confused about the terms. By "full rental service" the last poster means that the agency is providing a full management service in addition to finding (and hopefully checking the credentials of) a tenant. Full management is what you'll need if you are living abroad and should include everything to do with making sure both you and the tenant are happy. Maintenance, monitoring the rent payments, condo building issues, periodic visits to check the state of the place, etc. In the UK at least, a managing agent's fee is generally expressed as a percentage of the rent - usually between 10 - 15% although it's getting tough to find anyone able to do a reliable job for 10% any more. Factors such as the age and type of a property, the amount of rent and the quality of the tenant may influence what the agent will need to charge.

Finding and taking up references for a tenant (not many will have references here) is one month's rent and if you choose to extend the period you can either do it yourself using the same or a similar lease, or pay the agent an agreed sum but certainly not a month's rent unless there are exceptional circumstances that involve significant extra work.